BBD’s Sheridan: Rod Sheridan, who retired last year after 20 years at Bombardier, has been named vice chairman of Nordic Aviation Capital, the world’s largest lessor of turboprop aircraft. Nordic owns more ATR turboprops and has more on backlog than any other company.
Sheridan was vice president of sales and asset management at Bombardier. His retirement last year was considered by many in the industry to be a major loss to BBD’s ailing aerospace division, coming as it did on the heels of major personnel changes as BBD restructured the unit. Turmoil continued with the departure last month of Ray Jones, the head of sales, within weeks of Sheridan’s departure.
Sheridan was responsible for Bombardier’s commercial entry into Russia. He was key to opening the CSeries market to lessors.
United and 777-300ERs: United Airlines is set to place an order for 10+10 Boeing 777-300ERs, reports Bloomberg. An announcement could come as early as this week. These would be UAL’s first -300ERs. Legacy United was launch customer of the 777-200 and legacy Continental Airlines ordered the -200ER. Only American Airlines in the US operates the -300ER and this became reality only in recent years.
The UAL order will be an important step in Boeing bridging the production gap for its 777 line until entry-into-service of the 777X in 2020. But it will come at a cost. Two market sources familiar with the deal say United will get the airplanes for around $130m, a sharp discount to the normal discounted price of around $150m.